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CBS
Nov 28, 2012 7:00am PST
put higher tax revenue from the wealthy on the table, democrats are scoffing. he they talked happy talk about are skofg.t we only have a auple of weeks to get something ouple of we have to get away from the happy talk and start talking aout specific things. dent obama hasbama has no new witht talks scheduled with congressional leaders but will cong phila suburban philadelphia aiday to press for an immediate bushto extend bush era tax cuts for m ers.blicans call that agningless electioneering. >> we congratulate him on his re-election. we don't know if he has enough todership qualities to push democrats. >> cost savings to health care aregrams like medicare and medicaid. everyry dollar that's ever been secured for anything is sacred. to they'll defend it to the wath, regardless of what it means for jobs or the economy. > a tough white house ally, nglinois senator dick durbin argued against using fiscal cliff pressures to scale back paidare and medicaid benefits. >> these are people that have paid in over a lifetime into protectecurity and medicare and fully expect the protection bec
CBS
Nov 27, 2012 5:30pm PST
on the story. will the tax deduction for your mortgage be sacrificed to fix the federal budget? nancy cordes and dean reynolds look at the proposals. elizabeth palmer shows us what a dictatorship doesn't want you to see: the ruin of a nation in civil war. and africa's mighty elephants are slaughtered for their tusks. so who's buying that illegal ivory? holly williams shows us in a hidden camera investigation. >> oh, wow. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today susan rice had high hopes for what might have been the most important diplomatic mission of her career so far. but the u.s. ambassador to the united nations' attempt to reach agreement with republican senators today failed. rice is a favorite of the president's to be nominated as secretary of state to replace hillary clinton. if he does nominate race, she would have to be approved by the senate. margaret brennan is covering for us tonight. margaret? >> reporter: good evening, scott. ambassador rice asked for the meetings on capitol hill today in hopes of
CBS
Nov 26, 2012 4:00am PST
deal to avoid the tax increases and spending cuts due to kick in early next year. susan mcginness is in washington with all details this morning. good morning to you. >> talks are starting on capitol hill this week amid new signs republicans are willing to take a new look at an anti-tax pledge they made. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiab
CBS
Nov 29, 2012 4:00am PST
. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend th
CBS
Nov 22, 2012 6:00pm PST
could fore people in the bay area to py more. >>> tax time is still a few months away. but there are already changes coming that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes in the tax laws will impact us all. >> reporter: hopefully no indigestion. the bay area is one of the most vulnerable regions to changing taxes and the reason for that is our cost of living is higher and that means prop 30 could affect a larger number of households here. the bigger problem is looming in the federal tax code and it could cost middle class families thousands of dollars. tax changes are adding up and it could cost you a lot. >> we got to make sure we do it right. >> reporter: governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is it's retroactive meaning if you fall in that bracket the bill is due this coming april. >> there's going to be a few people who will be surprised but there was really nothing that you could to p
CBS
Nov 27, 2012 12:00pm PST
signalling they're open to compromise but so far, they still oppose the president's idea to raise taxes on the wealthy. instead, republican leaders want to limit tax deductions and loopholes without an agreement. across-the-board tax hikes will take effect on january 1 without an agreement. here's a breakdown of what would happen. for households earning 20 to $40,000, the tax increase would be $1,200. for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for workers this holiday season. why that's encouraging news for businesses. >>> and some amazing video from a jewelry store. a toddler leaves justifies before a car crashes in. ,,,,,,,,,,,,,,,, steady improvement in hiring. but wall street isn't too . as >>> consumer confidence is at its highest level in almost 5 years boosted by a steady improvement in hiring but wall street isn't too impressed by the numbers as stocks are down for the day. you can see right now, the dow is down 58
CBS
Nov 26, 2012 7:00am PST
tax increases will kick in at year's end likely sending the country into another recession. >>> several republicans back away from a tax increase. >> if congress does nothing, which congress has gotten pretty good at doing these days we'll go over the fiscal cliff. >> we have to show the world we're adults. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into the -- 6. >> anybody want to top that now? >>> on cbs "this morning." >>> the rolling stones marked their 50th annive
CBS
Nov 26, 2012 5:00pm PST
is important that congress extends the middle class tax cuts without delay, without drama. and it is because it will help to maintain the increase in the consumer confidence that we have seen. >> reporter: both sides say they are ready to compromise to avoid the nearly $600 billion in tax hikes and mandatory spending cuts, scheduled to kick in on january 1. but the taxes, they remain the sticking point. republicans and congress, they have been long opposed to any tax increases, but the gop lawmakers say that they are open to raising more revenues through the tax reforms. wyoming republican says that entitlement reform will also need to be a part of the solution. >> medicare and social security, they are the two big title waves that are coming at us in terms of the spending. >> reporter: the gop leaders say they will need the democrats to give more in order to cut a deal. >> it is time for the president to present a plan that rises above these wreckless and radical voices on the hard left. >> reporter: the report from the white house economists, they say that the middle class families
CBS
Nov 26, 2012 11:00pm PST
$40,000 that would mean a tax increase of 1,200-dollars. for a household airporting 40 to 60 it would mean a tax increase of $2,000. 64,000 up to six figures it would be a 3,500-dollar tax increase. it appears the tax deal is being worked out by two people. house speaker john baner and the president. it's expected to be a mix of revenue increases. probably a small tax hike on the wealthiest americans and spending cuts. of course any deal has to pass the republican controlled house. >>> shoppers don't appear to be too worried about the fiscal cliff. this is shaping up to be the best cyber monday ever. sales are up 28 percent from last year. cbs reporter anthony mason found out the last few days have been busy. even during dinner time. >>> amazon.com's biggest shipping center in phoenix arizona is the size of 28 football fields. last cyber monday it's busyist day of the year, amazon processed 200 orders per second. amazon vice president craig says the company expects business this year will be even better. >> we've hired and are continuing to hire 50,000 seasonal workers to meet custome
CBS
Nov 27, 2012 7:00am PST
reduce the tax deduction millions pay on their mortgage interest. nancy cordes is on capitol hill. good morning. >> reporter: good morning to you, charlie, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final p
CBS
Nov 20, 2012 5:30pm PST
will be huge automatic tax increases and spending cuts. dave cote knows what's at stake. he's the c.e.o. of honeywell and a member of the simpson-bowles commission which came up with the budget plan. last week, president obama sought his advice. we asked cote to put america's debt into perspective by comparing it to the size of the overall economy. >> our debt is higher as a percent of g.d.p. today than it has been at any time in our history since the revolutionary war with the exception of the end of world war ii when we had a very good reason to be doing that. so we have to do something. >> pelley: what is the size of the problem? >> our net debt today if you include the impact of borrowing from social security is about $11 trillion today and over the next ten years grows to about $20 trillion. that means our annual interest bill would be a trillion dollars a year. it's ridiculous! >> pelley: dave cote knows about fixing finances. he pulled honeywell out of a slump. it's one of america's largest industrial conglomerates. 130,000 employees make products ranging from aircraft part
CBS
Nov 28, 2012 4:00am PST
efforts to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain deadlocked president obama is taking his case to the american people trying to drum up support. republicans are complaining that instead of being out campaigning he needs to sit down with them and work out a deal. it's a short drive up pennsylvania avenue from the capital to the white house but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the campaign. >> reporter: the white house says t
CBS
Nov 23, 2012 4:30am PST
. the cause is still under investigation. the fire started on the upper level of the building. >>> tax time is still a few months away but there are already changes coming along that could force people in the bay area to pay more. cbs 5 political reporter grace lee takes a look at how changes to the tax laws will impact you. >> reporter: tax changes are adding up and it could cost you a lot. governor brown's proposition 30 raised state income tax on those with a taxable income of $250,000 or more to pay for schools and universities. what you might not know is that it's retroactive meaning if you fall in that bracket, the bill is due this coming april. >> i think there's going to be a few people who will be surprised but there was really nothing you could do plan for it. the election determined whether or not this was going to happen. >> reporter: accountants say for a married couple making $250,000 and filing separately it will cost you about $250. it's not a huge bill but in the bay area where real estate is higher and the cost of living is greater, for most households, disposable inc
CBS
Nov 29, 2012 7:00am PST
we all agreed to, which is let's keep middle class taxes. we don't have a lot of time. >>> secretary geithner is up on capitol hill to lead negotiations on the fiscal cliff talks. >> you're not going to grow the economy if you raise taxes on the top two rates. that's not the right approach. >>> string of nasty storms barreling into the west coast. powerful winds have started knocking out power. >> just need to get to the other side of town. i don't have a choice. >> picked a bad day to do it? >> yeah. >> u.s. embassy in cairo is closed. the entrance is blocked by protesters as clashes erupt nearby. >> zebra and s hechlt tland pony ran wild through the streets of new york city. they apparently escaped from a petting zoo. >>> nypd says actress lindsay lohan has been raefed and charged with assault. >> three, two, one. >> only nbc would make a television event out of plugging something in. >> all that -- >> oh, humphries and rondo get into it. officials trying to get control here. >> don't tell me what i think. when i said i didn't have a problem, i don't have a problem.
CBS
Nov 26, 2012 6:00pm PST
the fiscal cliff. congress back at work after the holiday break and shifting view op tax -- on tax reform and their demand from democrats. >>> and why more workers at a bay area airport could be allowed to carry firearms. >>> a bay area college launches a new recruiting strategy. why it is spending six figures to target a specific group of students. ,,,,,,,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- for ways to hit the brakes. >>> and now at 6:30, the fiscal cliff is looming as lawmakers on
CBS
Nov 28, 2012 5:00am PST
"fiscal cliff." some republicans said they are willing to consider some tax increases but they are insisting on larger budget cuts to benefit programs, which democrats oppose. if all sides can't agree on a spending plan before the year's end, automatic tax hikes and across-the-board budget cuts will all kick in. >> we must do everything we can during this short period of time to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his idea. he will meet with corporate executives at the white house then travel to pennsylvania on friday to push for higher tax rates for the wealthy. >>> after meeting with her harshest critics, senate republicans say they are even more troubled over u.n. ambassador susan rice's initial response to the deadly terror attack in benghazi. in a closed meeting yesterday, rice met with several senators including arizona republican john mccain. rice has been criticized for
CBS
Nov 26, 2012 5:30pm PST
tax increase that is coming five weeks from tonight. we asked our research department to add it all up for us. for a household earning $20,000 to $40,000 it would mean a tax increase of $1,200. an income of $40,000 to $64,000 would see an increase of $2,000 and an income of $64,000 to $109,000, would see an increase of $3,500. again, that will happen at the first of the year unless the president and congress agree on another way to fix the federal budget. what are the prospects of that? congressional correspondent nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, both parties returned to capitol hill from thanksgiving loudly proclaiming their willingness to compromise but refusing to back it up with much specifics. top senate aides tell me that's because these negotiations are really taking place between just two people: house speaker john boehner and the president. boehner and the president spoke by phone on saturday, agreeing not to share details. but senate republican leader mitch mcconnell said today the g.o.p. wants the president to make the first move
CBS
Nov 28, 2012 6:00am PST
. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her strongest senate critics including arizona republican john mccain. rice first said the attack had grown out of a spontaneous prot
CBS
Nov 28, 2012 5:30pm PST
tith congressional leaders. they have only weeks now to head off a big tax increase for most americans. the income tax rates will jump automatically january 1. it will be such a shock to the system that it has been called the fiscal cliff. our coverage starts on the white house lawn tonight with major garrett. major. >> reporter: scott, the saesident said for the first time, there is a two-step process to averting the fiscal cliff. republicans must act now to prevent a tax increase for households earning less than $250,000. do that now, president obama said, and he and congress can work out the details of spending cuts later. ( applause ) before a crowd of supporters, the white house invited from the mid-atlantic region, president obama put congressional republicans on notice. >> it's too important for washington to screw this up. now is the time for us to work on what we all agreed to, which is lets keep middle class taxes low. that's what our economy needs. that's what the american people deserve. gd if we get this part of it right, then a lot of the other issues surrounding deficit
CBS
Nov 27, 2012 6:00pm PST
part of the tax exemption but they will make money and cell companies love them. >> because it's up in the air. you have nice location on it. and it's getting good connectivity and people don't see it. >> reporter: steeples are the latest place towers are hidden in plain sight disguised as trees, they're in trees even on fast food signs. usually there's controversy no matter where they go. >> churches as independent nonprofits unduly influenced by these contracts. >> reporter: mindy of the utility watchdog group turn worries it could help the companies in lobbying efforts. utilities say no, they just what tonight provide better service from up above the tree line. mike sugerman, cbs 5. >> i talk to god a lot when my cell phone calls drop but probably not in the way mike was talking about. [ laughter ] >> it's going to be a deluge. >> the heavens will open up over the next couple of days. we'll be seeing a lot of rainfall around here perhaps too much in many locations. north bay upwards half a foot to a foot of rainfall by sunday. a lot of rain in a short amount of time. the first of ma
CBS
Nov 27, 2012 6:00am PST
their no tax increase pledges. several members of congress now say they are open to raising revenue by limiting deductions for the wealthy. but not by raising their taxes. >> without compromising our principals, we recognize that none of us runs this town. >> today democratic senator dick durbin plans to lay out a proposal for a bipartisan group, the gang of 8, who have been working for a plan to reduce the national debt. if lawmakers don't pass a plan by december 31, tax hikes and budget cuts will kick in. >>> running the risk of autism. the link between pollution and pregnancy. >> plus some of the best child athletes in the country. the bay area kids who have a chance at the ultimate prize. >> but first, stranded at sea. how two men found themselves like this in a dangerous rescue after the break. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what
CBS
Nov 26, 2012 5:00am PST
top some forms of tax increases and whether democrats will consider cuts to entitlement programs. >>> e elected officials including the governor and all the legislatures are getting their pay cut by 5%. for example, pay for the attorney general palilia harris is being cut to $143,000. that's a hundred thousand less than her replacement. but people don't run for office for the money. >> they're doing it because of a variety of factors, including the pursuit of power, the ambition to go to higher places and also of course hopefully public service that they want to give back to their community. >> the california citizens compensation commission ordered the pay cuts and they cut per diem pay by 18%. >>> carbon monoxide sent more than a dozen people to the hospital in san francisco. the fire department was called to 1223 courtland street about last night over a carbon monoxide leak. there were 14 people at the home that were taken to the hospital. they're expected to be okay, but city officials and pg&e are still trying to figure out what caused the problem. >> when we arrived, we che
CBS
Nov 21, 2012 5:30pm PST
- called fiscal cliff. when the ball drops on new year's eve, tax hikes and severe spending cuts will kick in automatically unless a deal is reached. wyatt andrews spoke with two men who say they know how it should be done, if only washington would listen. >> reporter: two years ago, the fiscal commission chaired by democrat erskine bowles and former republican senator alan simpson proposed every basic element of the fiscal cliff solution being discussed now. their plan was a mixture of higher taxes, lower spending and the reform of medicare and social security. both men told us sacrifice has to come from everyone. >> all of us have to have some skin in the game to get it done. >> if you want something, pay for it. it's a sick idea, but it is an interesting idea. >> reporter: their biggest idea was to increase revenue by combining both the president's demand for higher taxes on the rich and the republican proposal to get rid of tax loopholes. bowles/simpson would eliminate almost every tax deduction for individuals and corporations, with only a few exceptions for charity donations and home
CBS
Nov 27, 2012 4:00am PST
timothy geithner will leave the negotiations with republicans on the so called fiscal cliff, those tax increases and spending cuts that would kick in next year. lawmakers returned to washington yesterday amid some talk of compromise, but the issue of how to raise revenue remains a critical and hard to overcome sticking point. susan mcginnis is live in washington with more. >> reporter: those changes kick in if no alternative deal is made. as of now, both sides are still talking about their willingness to compromise, but when it comes to that main issue, raising tax rates, both sides are digging in. democratic senator dick durbin will give what's being called a major speech laying out a case for a bipartisan fiscal deal. he's a member of the senate's gang of eight, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for two and a half years. democratic senator mark warner is part of the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore. not because t
CBS
Nov 27, 2012 5:00am PST
time, she said at tax stemmed from a protest against an anti-islam video. rice is considered a possible nominee to replace the outgoing hillary clinton as the secretary of state. >>> meanwhile, lawmakers on capitol hill are jockeying for position right now in efforts to fix the federal budget and avoid the dreaded "fiscal cliff." if they don't reach a deal by the end of the year, tax hikes and across the board budget cuts will automatically kick in. susan mcginnis has more on today's efforts to get democrats and republicans a little closer together. >>> reporter: president obama will begin a media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator m
CBS
Nov 29, 2012 6:00am PST
area needs to spend $3 billion a year to keep up. lawmakers say raising taxes is controversial but the best option at this point. in berkeley they just voted to pay higher property taxes to fix intrastructure. and now engineers are saying it could be a cautionary tale but it's best to pay now rather than pay for it 10 years down the road. live in daly city, cate caugiran, cbs 5. >>> remember, you can get live hi-def doppler radar for your neighborhood anytime and also find information on sandbag locations on our cbssf.com/weather. >>> let's kick it over to traffic now. we have a situation i guess down in san leandro. >> a truck hit cars in a car lot so damage to the cars in the lots. obviously a lot of flashing lights as well over head. we have chopper 5 zooming in. so you are looking live now at the intersection of east 14th and 162nd avenue. this is right there by the united auto center. again that truck just slammed into the cars. no injuries. the truck may have diesel fuel in it. you can see some cars were able to get by. only blocking maybe a lane or two on east 14th. live loo
CBS
Nov 26, 2012 6:00am PST
reached by the end of the year, a series of tax increases and spending cuts will automatically kick in. lawmakers in both major parties say they're willing to compromise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming brief and republicans should put revenue on the table. >> the big questions are weather republicans are open to some forms of tax increases and whether democrats will consider cuts o to entitlement programs. >> a san francisco couple challenge of the defensive marriage act may be one of several the u.s. supreme court considers this week. the justices will decide whether to hear an appeal from the defenders of the prop 8, the initiative banning gay marriage. they're expected to meet this week to decide which cases it will hear next we're. >>> time for health watch this morning, it's 6:19, it appears childhood injuries related to inflatable bouncers are on the ride. that's according to a study published in the journal of pediatrics. bouncers and moon walks are popular at parties but it can put children at risk for
CBS
Nov 25, 2012 7:30am PST
you guys to take a measure to the voters to raise taxes to get more police because you had these tremendous cuts. the council didn't do that. what are you offering the any chief? what sort of plan are you giving the new chief? >> i believe that's going to be one of the things that the new chief is going to have to do. he's going to have to be able to come in and i think convince the council to be able to bring in more resources so that they can provide more personnel and boots on the ground. >> so you are part of a council. >>> part part of the council. >> there's no doubt it's a bad state for the police down in san jose. i'm talking about the police officers on the street. everyone is very frustrated with the way things have been going. it's been very difficult. >> it has been very difficult. i think that's going to be one of the other things that the new chief is going to have to do. >> i like to think that the council listens because i know i listen when communities come in and gives input. i think that we really need to be able to commit to the community that whatever input t
CBS
Nov 25, 2012 6:00pm PST
with barely a month left to avoid the fiscal cliff of mandatory tax hikes and spending cuts. retiring senator joe lieberman today lamented the lack of bipartisanship on capitol hill. >> in my opinion the last two years, 2011-12 have been the least productive and most partisan and uncompromising in my 24 years here. the public seemed outraged at the status quo that produced so little. >> glor: newly elected senator angus king is vowing to help break the logjam by doing what so many others in congress will not, compromise. chip reid caught up with king on the streets of maine. >> if somebody comes to you and says i'm not going to compromise, what they're really saying is i have 100 percent of the truth. i'm 100% right. >> reporter: angus king says he's 100% certain of only one thing. that neither the democrats nor the republicans are always right. that is why when he takes his seat in january as the new senator from maine he will be doing it as an independent. >> the people are absolutely fed up with this nonsense. they have had it with washington not being able to get anything done. if
CBS
Nov 28, 2012 5:00pm PST
and is asking the public to join a twitter campaign calling on lawmakers to renew tax cuts for families making less than $250,000 a year without delay. >> campaign for his position i did it we understand it but at the end of the day he has to lead on this issue. >> reporter: while congressional leaders meet behind closed doors, some of the biggest names in corporate america are here on capitol hill meeting with lawmakers pushing for solutions. former tennessee governor told lawmakers everything needs to be on the table. >> i do think there's a broad recognition that it has to be both revenues and serious work on entitlements to make it happen. >> reporter: taxes are still the main sticking point. while president obama wants tax cuts to expire for the most wealthy americans, most americans don't. one told his gop colleagues to sign off on the middle class tax cut extension. the house speaker isn't budging. >> it will hurt small businesses and our economy. it's why it's not the right approach. >> reporter: obama administration officials will look for some middle ground in separat
CBS
Nov 26, 2012 4:30am PST
, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional revenues and tax rates on the wealthy. >> reporter: in any deal, republicans insist on big
CBS
Nov 26, 2012 12:00pm PST
courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues, including tax rates on the wealthy. those have to go up. they have to go up. >> reporter: but many republicans believe the best way to close the gap is reform entitlement programs like social security and medicare. democrats aren't on board yet. >> my concern about raising that medicare retirement age is there will be gaps in coverage or coverage t
CBS
Nov 20, 2012 6:00pm PST
-thirds majority to raise taxes 2/3 majority to refer things to the ballot you need a two-thirds majority to override a governor's veto. >> reporter: one issue that could benefit gay marriage. if the supreme court doesn't take up the case the legislature could use its two- thirds vote to put the issue back in front of voters as a ballot initiative. >> but it would take two-thirds just to put it on the ballot. i could imagine democrats thinking about that because on that issue i think democrats think that they are riding a wave. >> reporter: remember all the 11 propositions that you just voted on? the entire process could be changed with a soup majority. the senate president believed it needs to be reformed. >> i think, for example, there is nothing wrong with people with wealth getting involved in the political process, but before you qualify an initiative, you ought to have a responsibility to get, say, 1,000 contributions of $100 or more in order to even qualify in the first place. >> reporter: the question now: will the california democrats go too far to the political left or
CBS
Nov 28, 2012 1:35am PST
billed tax payers for his upgraded stay in washington the night after his official i ten itenerary had his flying him. >> this is like washing a train wreck. >>reporter: he promised the community that he would have a lot more to say about these allegations but apparently today is not the day. his office did not return our phone calls. >>> actor angus t. jones is singing a much different tune tonight a day after a video was posting, showing his bashing his popular cbs sitcom two and a half men. >> if you watch two and a half men, please stop watching two and a half men. >> tonight, cbs reporter teresa garcia says he's not apologizing. >>reporter: teen actor an discuss angus t. jones a-- angus t. jones is apologizing after a video showing him bashing his hit show two and a half men. the 19-year-old was apologizing for the video posted on youtube by a religious production. the recently converted seventh day adventist appears next to a spiritual guide. >> i'm on two and a half men. i don't won't to be on it . >>reporter: in his apology, he goes on to thank the creators and warner brothers
CBS
Nov 23, 2012 1:35am PST
system that helped intercept 80% of hamas rockets. and american tax dollars also provide assistance to the u.n. organizations that support the palestinians. with egypt as mediator, both sides are trying to negotiate a more permanent agreement. israel wants to end weapons smuggling at the gaza. hamas wants to end a five-year border blockade. >>> thanksgiving warning turned into a nightmare for hundreds of people caught up in a major pileup in texas. more than 140 cars and trucks lay twisted and broken. the huge crash happened as holiday travelers tried to navigate through dense fog. drivers could do little to get out of the way. >> i just grabbed my kids, pulled them out of the car and ran. that's all i could do. >> at least two people died and more than 80 were hurt, several critically. and rescue crews credit many drivers for helping each others while first responders were overwhelmed. >>> police in berkeley are hoping you can help smoke out a cigarette thief. he's suspected of burglarizing businesses in neighboring cities also. investigators say he smashes windows to get inside, gets
CBS
Nov 27, 2012 5:00pm PST
in the steeple. many others are doing the same thing. they lose part of the tax exemption but they will make money and cell companies love them. >> because it's up in the air. you have nice location on it. it's good connectivity and people don't see it. >> reporter: steeples are the latest place towers are hidden in plain sight, disguised in trees, in trees, even on fast food signs. usually there's controversy anywhere. >> churches could be unduly influenced by these contracts. >> reporter: mindy of the utility watchdog group turn worries it could help the companies in lobbying efforts. utilities say heavens no! they just want to provide better service from up above the tree line. mike sugerman, cbs 5. >>> he bashed the very show he stars in. you know why angus t. jones won't be appearing in the next new episodes of "two and a half men." >> package thieves raiding porches and taking gifts. what delivery companies are doing to fight back and protect your presence. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ]
CBS
Nov 25, 2012 5:30pm PST
. >> and he owes back taxes. >> i don't think with his past history he should be preaching at all. >> reporter: things got a little ugly here last month when the pastor showed up for his first day at the church, cloaked in his white robe and carrying a bible and some parishioners confronted him outside. >> basically told him you need papers. he did not have the papers. >> reporter: the commissioner say reporter for the san francisco post. >> there was a brief altercation. i don't know, shoving or hollering. >> reporter: the church says the issue is under congratulations. the reverend hunter has been back once since being kicked out. >> you know, what if he stays will it be awkward around here? >> definitely. in san francisco, cbs 5. >> a deadly weekend oakland pushes the number of homicides in the city to 115. that is 5 more than all of last year. the latest victim was found shot to death at 6:00 this morning. the police say they have little inforringmation on that double homicide and no suspects. there were two other killings on saturday. one was an 18-year-old women and the othe
CBS
Nov 24, 2012 5:00am PST
retailers worried shoppers may spend less because they hear talk about the fiscal cliff and taxes going sfup >> that's allocated to the high end or lower income. when retailers look for they manage those high end income inventories and it's january or february. if there's discussions about it that's definitely a concern for christmas. >> we heard about the protests on walmart. they said it was benefits wages, treatment of employees. walmart is our nation's biggest retailer. we want to bring in diane brady. she's reported extensively on walmart. walmart is basically saying when he the best black friday ever. is that the case? will we know how the numbers are showing up? >> when they put that out they were talking very much about thursday, so those of you who are lining up at 8:00 p.m. to get your ferbies they didn't have a lot of protests on thursday night. walmart has done very well this year and they have a vested interest in telling us that because of these protests. it was a gig concern for people. >> how much of a case do the employees have here? >> you know it's the world's l
CBS
Nov 25, 2012 11:00pm PST
in back taxes. >> i don't think that, you know, withs his past history that he should be preaching at all. >> reporter: things got ugly here last month when the pastor showed up for his first day at the church. cloaked in his white robe and carrying a bible and parishioners confronted him outside. >> basically told him to present his papers. you have to have papers to take over the church. he did not have his papers. >> reporter: this parishioner is also a reporter for the san francisco post. >> like a brief altercation. i don't know shoving, might have been hollering. >> reporter: the issue is under consideration. the reverend has been back once since kicked out. >> if he stays will it be awkward? >> most definitely but we are hoping that will not happen. >> reporter: back to you. >>> a major tragedy in a country used to struggle. how bangladesh is revealing from a massive factory fire. >>> and violence in egypt. what the country's new preside president has done to anger his people. >>> big changes and rain a lot of it. your wet seven-day forecast coming right up -what's up? i'm c
CBS
Nov 21, 2012 7:00am PST
, taxes go up for everybody. then you have a conversation about -- not about raising taxes, but then about cutting taxes. they will have already gone up. the question is whether the president has a great deal more leverage. he basically then is able to say it's because the republicans were too stuck that they went up in in the first place. so there is an argument for actually -- because the cliff isn't an actual cliff. because nothing will happen the day after that is catastrophic there's an argument for actually maybe letting this happen. the president gets even more leverage. >> there's talk about trying to do two things in two phases protect the middle class and let the rest of the stuff go over the cliff for maximum pressure. john dickerson, thank you. >>> slowing down air travelers across the country. nearly 100 flights were canceled this morning at chicago's main airport, o'hare and midway. more than 400 other flights were delayed for an average of 90 minutes. both airports support near zero visibility and they warned that problems could last into the afternoon. that threatens
CBS
Nov 28, 2012 6:00pm PST
property tax to fix neglected roads and other problems in their infrastructure. >> it's one thing to complain. but you have to back it up. and so help towards making it happen in a tangible way. >> reporter: it's a cautionary tale for the entire bay area. >> right. >> reporter: pay for the work now or pay up to 10 times more later. >> a lot of it was the dollars. it only cost $36,000 to maintain a mile of road. it costs well over a million dollars to reconstruction a mile of road. >> reporter: lawmakers know raising taxes is a political third rail. but state senator-elect jerry hill will push for higher gas taxes. >> the sales tax or increase in the gasoline tax is really the solution-foot-long term to improve our roads. >> reporter: are we living on borrowed time? >> in some cases we may be. >> reporter: according to the latest studies by the mtc and other city agencies, there is no money now and dana, tonight they are saying it doesn't even look good for the next 30 years. >> wow. all right. linda yee, thank you. >>> right now, the city of oakland is talking to a concerned communit
CBS
Nov 22, 2012 7:00am PST
for the nation's fiscal problems. a blueprint that demanded so much in taxes and spending cuts it died an instant washington death. that was then. today, the politics have changed. >> say yes to simpson/bowles, mr. president. i'm willing to say yes to simpson/bowles. >> reporter: today the broad outlines of bowles/simpson are the backbone of what's being discussed in the fiscal cliff negotiations. their plan was a mixture of the president's call for higher taxes, plus the republican call for tax reform and lower deductions. in medicare and social security bowles and simpson say the nation has no choice but to cut future benefits for those earning high incomes. we spoke to both men in washington. >> right now the president is under pressure not to touch social security and medicare. >> of course. so don't touch it. let's just let the damn thing rock along, grab your shorts you know get ready for the fun. >> let them go broke. >> let them go. >> if we don't touch them if we just take them off the table, you know what's going to happen? you know? we're not going to be able to spend m
CBS
Nov 29, 2012 4:30am PST
for funding for maintaining the systems, lawmakers know that raising taxes is a controversial issue but state senator-elect jerry hill already says he plans to raise gas taxes and says that's the best if not long-term solution for the area. reporting live in daly city, cate caugiran, cbs 5. >> thank you. >>> you can use your live hi- def doppler on our website to zero in on your neighborhood to see what's going on there. just go to cbssf.com/weather. >>> well, liz had a busy day yesterday because of all the rain but right now it's not too wet so hopefully you're not all that busy in the traffic department. >> it looks okay. gosh, it is amazing what some wet weather will do to the commute. the only thing we got going right now is actually out in napa. we have a traffic alert. it sounds like the northbound lane of highway 121 blocked by 128. a car slowed to avoid a deer and crashed at the scene. so fire crews are there now. they are working to clear it. it's been there since before 3:30 this morning. we'll take live look outside so yeah, the golden gate bridge looks a lot drier this m
CBS
Nov 23, 2012 6:00pm PST
marriage, how much you pay in taxes, and how schools are funded. so we are seeing a big divide here, liz. >> thank you. >>> an inmate serving five years in a northern california prison got a free pass for a few hours to attend his sister's wedding. cbs reporter ben sosenko asked the sheriff why. >> reporter: edward was supposed to be locked up at jail for five years. what allowed him to be let out for a couple of hours? it was a heartfelt letter written by his sister. nothing was going to keep edward from his sister's wedding not even time in the slammer. >> you know, i have kind of a heart, you know, i guess. >> reporter: calaveras county sheriff gary coons was touched when he read the letter explaining a wedding day promise. >> when her father died,er brother promised her to walk her down the aisle. >> reporter: not on easy promise to fulfill seeing his sister make life long vows in the middle of a five-year sentence on drug and gun conviction. >> i looked out and thought about it for a while and, you know, i figured, you know, what the heck. i'll allow that to happen. >> reporter: so
CBS
Nov 23, 2012 7:00am PST
scenarios to avoid the fiscal cliff. te goal is to bring in more revenue without raising tax rates, allowing both appears to say we stood our ground. high income tacks payers thaksed inco at the top rate. >>> a new arms race in cyber space. many governments are worried hat hackers could get into aeir mainframe computers, eurning to american companies ky, those that can be tricky, though. u.s. company needs a license from the state department before t can work for a foreign country. >>> usa today reports delve straighting drought is expected to last until e >>> we're looking very nice outside right now. the sun is up and looking good today. going to see a lot of sunshine throughout the entire day a few high clouds overhead. we have been seen patchy fog in the valleys. the temperatures now still chilly 39 degrees in santa rosa, 41 in san jose. 54 degrees in san francisco this afternoon, expecting lots of 60s. some places maybe sneaking into the low 70s. next couple of days going to be a beautiful weekend ahead other than some ground fog in the morning, lots of sunshine in the afterno
CBS
Nov 27, 2012 4:30am PST
say the looming "fiscal cliff" is forcing them to reconsider their no tax pledges. some are now open to changes. dick durbin plans to lay out a proposal for a bipartisan group deemed the gang of 8. they have been working on a plan to reduce debt. if the lawmakers don't pass a plan by the end of the december tax hikes and budget cuts kick in. >>> a cyber monday tradition for federal officials took dozens of websites offline. it was the third annual crackdown on websites selling counterfeit merchandise. the sites were shut done after copyright holders that sports, dvds and other goods investigators bought on the websites were fake. the sites now display a banner that explains what happened. >>> robbers in san francisco are stealing iphones at an alarming rate. now, some people are trying to do something about it. at this beauty shop in the russian hill area, workers are warning customers that people are being robbed of their phones sometimes at gunpoint. distracted women are often the targets. >> i was just sitting there looking down at my phone and then somebody just grabbed it and it
CBS
Nov 29, 2012 5:00am PST
say raising taxes is controversial but it's the best option. they voted in berkeley to pay higher property taxes to fix roads and other problems in the infrastructure. so engineers say at this point it could be a cautionary tale. pay up now or pay more down the road. cate caugiran, cbs 5. >> thank you. >> go to cbssf.com/weather to see hi-def doppler in your own neighborhood. >>> 5:06. let's check the roads. >> it's dry for now. yesterday we had so many accidents with the rain and wind. for right now the camera holding steady. 880 through oakland no major wind advisories this morning. we did have an accident northbound 880 at high street. it is now clear. so quick trip all the way up between the oakland coliseum and downtown. otherwise the golden gate bridge doing lane changes now so in the meantime you will notice closures in that southbound one commute towards doyle drive. highway 121 at 128 the northbound lane of 121 is block. they are working to clear it now. the accident has been there since 3:30 this morning. and in san francisco, the great highway remains closed for sand re
CBS
Nov 28, 2012 4:30am PST
-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their ideas. >> they had one message for the president at the oval office, they need certainty. please get this deal done as soon as possible. >> reporter: but spend anytime on capitol hill and it's easy to see a deal isn't forthcoming soon. >> there's been little progress with the republicans, which is a disappointment to me. >> their hard left doesn't want to change anything ever. they think any dollars spent or any commitment made by the
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